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https://www.cryptobreakingnews.xyz/bitcoin-ethereum-and-solana-prices-slip-so-does-the-sp-500/
The S&P 500, an index of the 500 largest publicly traded companies, fell today for the fifth day in a row. It ended the week 1.7% lower than where it was on Monday morning after slipping 0.8% today.Cryptocurrency markets are also down this week, dropping from a cumulative market cap of $2.43 trillio...
https://www.cryptobreakingnews.xyz/stablecoins-what-are-they-good-for/
Stablecoins are at the heart of some of the biggest controversies in the crypto industry today—and yet more of them keep coming. On an almost weekly basis, companies and protocols keep announcing new stablecoin moves. So, what’s behind the boom?A stablecoin is a type of cryptocurrency intended t...
AdvertisementEthereum, the second-largest cryptocurrency by market cap has had one of the best runs these past months. Despite many Altcoins overthrowing the ones ahead of them, Ether bulls have held on to the second spot firmly for years. Interestingly, the asset is now primed to take on the only C...
https://www.cryptobreakingnews.xyz/why-this-investor-fled-from-bitcoin-should-you-do-the-same/
Bitcoin has been moving sideways in the past day after a 20% dropped at the start of the week. The first cryptocurrency by market was showing strong conviction to the upside, but ultimately the excessive greed in the market could have played against the bulls.At the time of writing, Bitcoin trades a...
AdvertisementBloomberg has released its September Crypto-outlook report and it is illustrated on the second-largest cryptocurrency Ethereum. Like the last report from August, some things remained. One of these includes the fact that Ethereum is primed to knock off Bitcoin in the long term.Bloomberg....
Being able to diversify in the cryptocurrency sphere was never a real strategy. Whenever negative news regarding Bitcoin, the entire cryptocurrency market crashes and vice versa. With the falling dominance of BTC, being able to diversify is starting to make sense. In today’s crypto crash scenario,...
https://www.cryptobreakingnews.xyz/bitcoin-investors-should-not-fear-a-prolonged-decline-unless/
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment adviceBitcoin’s latest decline did raise a lot of question marks about its long-term trajectory. After all, the world’s largest digital asset plummeted by 11% on a single ...
Bitcoin (BTC/USD) remained volatile early in the Asian session as the pair attempted to extend the recovery from its recent sharp depreciation that saw significant market value eroded in short order. Traders knocked ETH/USD as low as the 42880.77 area earlier this week after many significant Stops w...
https://www.cryptobreakingnews.xyz/cryptocurrencies-rally-after-tumultuous-week/
Cryptocurrencies have had an interesting week, to say the least.Shortly after El Salvador recognized Bitcoin as legal tender and the SEC threatened to sue Coinbase if it launched a digital lending product, Bitcoin prices tumbled to as low as $42,900. Despite the flash-crash, Bitcoin and other crypto...
https://www.cryptobreakingnews.xyz/edward-snowden-predicts-massive-bitcoin-adoption-by-governments/
“Latecomers may regret hesitating.”Early AdoptersEl Salvador became the first country in the world to officially recognize the cryptocurrency Bitcoin as legal tender this week.The news comes after its president, Nayib Bukele, introduced legislation to accept the digital currency — alongside th...
https://www.cryptobreakingnews.xyz/blackrock-cio-bitcoin-could-go-up-significantly/
He pointed to bitcoin’s wild price swings, saying that when an asset moves 10-15% in a day, which the leading cryptocurrency has been known to do, “it’s really hard to hedge big, organic asset pools with that as a hedge.”Bitcoin Price PotentialRieder, who noted that BlackRock owns “a small...
https://www.cryptobreakingnews.xyz/why-bitcoin-ethereum-and-dogecoin-all-fell-this-week/
What happenedBitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Dogecoin (CRYPTO:DOGE) are down 9.38%, 14.56%, and 17.44% respectively in the past seven days as of 9:00 a.m. EDT. They are now trading at $46,000.54, $3,378.97, and $0.2479 per coin respectively. After a record bull recovery, cryptocurre...
Everything is bigger in Texas, which is why it shouldn’t come as a surprise that the Lone Star state is making moves to become America’s next Bitcoin (BTC) hotspot.Most recently, Texas implemented two laws to ensure that cryptocurrencies are recognized under state commercial law. Texas House Bil...
National Australia Bank Observing Crypto As An ‘Emerging Issue’ After Being Accused of Refusing to Do Business with the IndustryNational Australia Bank Observing Crypto As An ‘Emerging Issue’ After Being Accused of Refusing to Do Business with the IndustryLocal crypto exchanges told a parlia...
After the events of 7 September, most of the market’s cryptos managed to quickly recover and hit their previous price levels. Most, except Bitcoin.Now, there has been some resistance on the price charts, which is why the king coin has not touched $52k again yet. However, the bigger concern is this...
Blackrock CEO, Rick Rieder stated in his recent interview with SquawkBox that the reason he owns Bitcoin is because of his belief that volatile assets possess a positive convexity. Furthermore, he predicted against the current fall in BTC prices as a temporary short, and that he expects the prices t...
Bitcoin (BTC) available on exchanges is about to hit its lowest levels ever, the latest data shows.As noted by Ki Young Ju, CEO of on-chain analytics platform CryptoQuant, exchange reserves have returned to all-time lows last seen in early May.Time for another Bitcoin “sell-side liquidity crisis?....
AdvertisementBitcoin investors were on Tuesday met with a surprise short-notice setback after the price dropped 15% in under one hour. The drop from $52,500 to below $44,000 on Tuesday saw billions of value wiped off of crypto markets despite the slight recovery to $46,085.05 on Wednesday, as per Co...
Marko Zlatic invests in bitcoin and real estate and runs the YouTube channel WhiteBoard Finance.He said that his analysis of the stock-to-flow model points to bitcoin hitting $100,000 in December.Zlatic told Insider bitcoin has replaced gold as a store of value in his portfolio and he holds ether an...
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do ...
In this edition of the Business Day Spotlightwe review this week’s bitcoin market crash – its causes, implications and outlook.Our host Mudiwa Gavaza is joined by Marius Reitz, GM for Africa at cryptocurrency exchange Luno.Reitz explains the recent bitcoin market crash and what it means for inve...
Sweden Launches World’s Second Digital Currency Backed by a Central BankThe country is rapidly becoming a cashless economy.Riksbank authorities have clarified that the eKrona is not a cryptocurrency like or others that exist in the market.Open competition begins between centralized digital currenc...
El Salvador’s adoption of Bitcoin as legal tender earlier this week made the whole cryptocurrency community rejoice. While many believe this to be an important milestone in the path towards financial freedom, some have suggested that other countries should follow suit too.Even so, it’s worth not...
Sweden’s Riksbank Governor Stefan Ingves said ‘private money usually collapses sooner or later’. Photo: Getty ImagesCryptocurrencies were broadly down on Friday as Sweden’s central bank governor said bitcoin could eventually collapse.Bitcoin (BTC-USD) was down roughly 1%, to trade at $45,918...
Bitcoin’s (BTC) price has moved sideways since the Tuesday flash crash that saw top cryptocurrency lose over 20% of its market value within an hour. The price fell from near $53K to sub $43K levels before recovering above $45K. The price volatility on Tuesday led to Bitcoin losing a strong on-chai...
While the price of the world’s top cryptocurrency, bitcoin, has been seeing ups and downs lately, some global central bankers have started voicing their doubts about the utility and inherent volatility of crypto assets.The governor of Sweden’s central bank, Stefan Ingves, said during a recent ba...
https://www.cryptobreakingnews.xyz/billionaire-evan-luthra-invested-in-defi-project-based-on-solana/
Evan Luthra is a prolific angel investor having been in crypto since 2014 and early discoverer in Eaze.com (Fastest growing on-demand Tech company in 2016) and Wheelys Cafe (over 1000+ coffee shops in 40 countries), more recently investing in the seed round of Hashgraph.com (The billion dollar Crypt...
Ukraine’s new crypto law was passed by Parliament a day after El Salvador officially accepted Bitcoin as legal tender.law was passed by Parliament a day after officially accepted Bitcoin as legal tender. However, Ukraine isn’t going as far as El Salvador — Bitcoin is legal, but not legal ‘te...
Countries around the world are either accepting Bitcoin‘s existence and utility or adopting it as one of their own. This acceptance is, however, not universal, and many top financial institutions remain wary of cryptocurrencies. The Governor of Sweden’s Central Bank is the latest to join the lat...
https://www.cryptobreakingnews.xyz/bitcoin-price-analysis-btc-in-bears-at-46000/
TL;DR BreakdownBitcoin price analysis shows that Bitcoin is engulfed in a bearish movement.The bearish movement started on the 7th of September with a flash crash.Strong support is currently found at the $46,000 mark.Strong resistance is currently found at the $47,320 mark.Bitcoin price analysis rev...
https://www.cryptobreakingnews.xyz/bitcoin-btc-continues-hovering-above-support-zone/
Bitcoin (BTC) is still hovering above the $43,900 support area, which pushed the price back up after a dip on Sept 7.Sponsored SponsoredWhile there are short-term bullish signals in place, the ongoing bounce looks corrective. Therefore, it’s unlikely to be a bullish trend reversal.BTC bouncesBTC d...
27 percent of Americans are in support of the government making Bitcoin legal tender, a study by YouGov has found.The study found the most support for such a move with the younger generation and those making over $80,000 a year.Should Bitcoin become legal tender in the U.S? 27 percent of Americans w...
Exchange Rates UK TV: Weekly chart and daily chart Ichimoku analysisIf you can’t view the video, please watch on Youtube.Subscribe and watch forex and cryptocurrency technical analysis / forecast videos on our new channel: Exchange Rates UK TVKey Points:In a nutshell, all we have to do is look at ...
BeInCrypto looks at on-chain indicators for Bitcoin (BTC), more specifically Spent Output Profit Ratio (SOPR) and Market Value to Realized Value Ratio (MVRV), in order to validate current market movements.Sponsored SponsoredBoth indicators are still showing signs of strength, indicating that the bul...
Bitcoin is coasting on its road to recovery from Tuesday’s rocky sell-off that saw prices dip more than 18%.The crypto is currently changing hands for around $46,840 after reaching a 24-hour top of $47,396, CoinDesk data shows. Bitcoin is up over 9% from the weekly low of $42,900 and over 61% in y...
The bearish mood has changed to a bullish one fast as all of the top 10 coins have returned to the green zone.Top coins by CoinMarketCapBTC/USDYesterday, in the first half of the day, there was pressure from the bears. They managed to push the Bitcoin price below $46,000, but sales volumes decreased...
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